Key Takeaways
- US Delaware court orders Byju Raveendran to pay $1 billion to lenders
- Raveendran held personally liable, plans immediate appeal
- Legal team alleges GLAS Trust misled courts to secure judgment
In a significant legal blow, a US Delaware court has ordered Byju Raveendran, founder of the ed-tech giant, to repay $1 billion to BYJU’s Alpha and US-based GLAS Trust Company LLC. The court found Raveendran personally liable for damages following a petition filed by the lenders.
Court Finds Evasion, Issues Default Judgment
The court determined that Raveendran failed to comply with discovery orders and was evasive on multiple occasions. The judgment stated: “The court will enter default judgment against Defendant Raveendran… in the amount of USD 533,000,000, and on Counts II, V and VI in the amount of USD 540,647,109.29.”
Raveendran Plans Immediate Appeal
Byju Raveendran will contest the US court judgment. His legal team announced they will “promptly appeal” the ruling, arguing the expedited timeline prevented him from presenting his defense. Raveendran has denied all allegations in the case.
His lawyers accused GLAS Trust of misleading Delaware Courts and the public, claiming the judgment should never have been issued. They noted the court granted monetary relief despite GLAS withdrawing its damages claim in September 2025.
Allegations of Court Misconduct
“This judgment stems from an accelerated procedure triggered by serious misrepresentations made by GLAS,” the statement read. The legal team said Raveendran will soon submit evidence of alleged misconduct as part of a separate $2.5 billion claim he plans to file in US courts.
The statement further asserted the Delaware Court ruling resulted from GLAS “securing judicial relief by misleading the courts” to personally harm Raveendran and indirectly affect other suspended directors of Think & Learn Pvt. Ltd.
Raveendran’s team also highlighted he received insufficient time to hire legal counsel and respond to the accelerated court proceedings.
